Analyst Shares XRP Expected Price Against Bitcoin If Price Was Not Suppressed
Main Idea
An analyst projects that if XRP's market capitalization were to match Bitcoin's, its price could exceed $22, with Fibonacci extensions suggesting even higher potential, highlighting XRP's current undervaluation.
Key Points
1. Analyst (X)=chi (R)esurrected (P)=rho suggests XRP could reach over $22 if its market cap matches Bitcoin's, with Fibonacci extensions pushing it to around $39.17.
2. Bitcoin's current market cap is approximately $2.32 trillion; dividing this by XRP's maximum supply (100 billion) yields an implied price of $23.23.
3. XRP is currently trading at about $3.32, indicating significant undervaluation according to the analyst.
4. Achieving market-cap parity would require increased institutional demand for XRP as a bridge currency and favorable regulatory frameworks.
5. The $22–$24 range is derived from Bitcoin's market cap divided by XRP's supply, while the $30s target includes the 1.618 Fibonacci extension.
Description
A recent X post by the pseudonymous market watcher (X)=chi (R)esurrected (P)=rho has reignited the discussion over XRP’s long-term valuation potential . According to the analyst, if XRP’s market capitalization were to match that of Bitcoin, the token’s price would exceed $22, with the 1.618 Fibonacci extension placing its potential even higher. This projection, supported by both market-cap parity calculations and technical analysis, has added fuel to the belief that XRP remains one of the most u...
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